Drought-tolerant rice, weather index insurance, and comprehensive risk management for smallholders: Evidence from a multiyear field experiment in India

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dc.creatorWard, Patrick S.
dc.creatorMakhija, Simrin
dc.creatorSpielman, David J.
dc.date2017
dc.date2024-06-21T09:22:57Z
dc.date2024-06-21T09:22:57Z
dc.date.accessioned2026-06-27T15:08:53Z
dc.descriptionThis paper provides some of the first empirical evidence on farmers’ demand for two drought risk–management products: a recently released DT rice cultivar and a more comprehensive DT-WII risk–management bundle. The paper makes several noteworthy contributions. First, drawing on insights from extreme value theory, it demonstrates how a comprehensive risk–management product could be designed, highlighting the reduction in the cost of drought insurance achieved through the bundling approach. Second, it estimates the price sensitivity of demand and other predictors of uptake for the DT cultivar and the DT-WII product by drawing on survey data from a two-year field experiment in which sales of the DT cultivar and DT-WII product were randomly assigned to villages across three drought-prone districts in Odisha. Finally, it explores the novel finding that uptake of the WII product persisted into year two at prices higher than the actuarially fair cost.
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/147493
dc.identifier.urihttp://hdl.handle.net/123456789/95955
dc.languageen
dc.publisherInternational Food Policy Research Institute
dc.relationhttps://hdl.handle.net/10568/153726
dc.relationhttps://hdl.handle.net/10568/147891
dc.relationhttps://doi.org/10.2499/p15738coll2.134239
dc.relationhttp://purl.umn.edu/211909
dc.relationhttps://hdl.handle.net/10568/148052
dc.relationhttps://doi.org/10.1111/1477-9552.12403
dc.rightsOpen Access
dc.sourceWard, Patrick S.; Makhija, Simrin; and Spielman, David J. 2017. Drought-tolerant rice, weather index insurance, and comprehensive risk management for smallholders: Evidence from a multiyear field experiment in India. IFPRI Discussion Paper 1679. Washington, DC: International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/147493
dc.subjectinsurance
dc.subjectrisk management
dc.subjectuncertainty
dc.subjectrice
dc.subjectagriculture
dc.subjectcrop insurance
dc.subjectdrought
dc.subjectdrought tolerance
dc.titleDrought-tolerant rice, weather index insurance, and comprehensive risk management for smallholders: Evidence from a multiyear field experiment in India
dc.typeWorking Paper

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)